SpaceX stock price prediction 2030: $1,000 investment may grow to $2,000 as Starlink and AI businesses expand

SpaceX, a company founded by Elon Musk, went public in June of this year and is now owned by the same billionaire. The company operates in three main areas: space, artificial intelligence (AI), and internet connectivity. A $1,000 investment could potentially grow to $2,000 by 2030 based on the potential expansion of these sectors.

The Motley Fool predicts that the company's stock could double in value over the next few years, but this growth hinges on the success of its businesses and whether it can translate that growth into higher profits. SpaceX's space business, while best-known, is the smallest in terms of revenue and has slower growth. The company is seeking growth opportunities beyond rocket launches, focusing on AI and internet services.

Starlink, SpaceX's satellite-based broadband internet service, is currently the only profitable division. Its user base is rapidly growing as more people turn to its service for internet access in remote areas. The Motley Fool believes Starlink will continue to expand rapidly until 2030, but this growth may slow once it reaches most potential customers.

Artificial intelligence could become SpaceX's biggest growth driver, with the AI division, SpaceXAI, experiencing a 213% growth in the second quarter. However, the division is currently unprofitable. Analysts anticipate a sharp rise in revenue for SpaceX in 2027, with estimates reaching $115 billion.

The company's stock valuation reflects strong growth expectations. If the stock price remains steady while achieving the estimated 2027 revenue, the stock would trade at 18 times its sales, similar to Nvidia's current valuation. The company's potential 2027 growth is already built into its share price. However, SpaceX's future from 2028 to 2030 will depend on its ability to develop new businesses and increase profits.

SpaceX's plan to launch data centers into space could influence its stock price if it becomes commercially viable. A successful space-based data centre business could significantly boost SpaceX's stock price. However, this outcome depends on whether the plan can work as a profitable business. If SpaceX can successfully grow one of its businesses — space, AI, or satellite internet — a $1,000 investment could double to $2,000 by 2030.